Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

Michael Yardney; Australia's authority in wealth creation thru property

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Aug 7, 2017 • 30min

BONUS: 8_ Steps_ to_ profitable_renovations .mp3

In this special podcast I explain How to Profit from Renovations in the current property markets. Listen as I discuss: My 8 step process for profiting from renovations. 5 tips for successful renovations Why renovations make sense in today's property market The one thing that many renovations courses teach that is patently incorrect. I explain the 4 big benefits of renovations: - Increasing the rental return and therefore yield of your investment property Increasing the aesthetic appeal of the property and thereby attracting a wider tenant pool and often a better-quality tenant. Increasing your depreciation allowances. "Manufacturing" capital growth thereby increasing the overall value of your property, even in a flat market. I also walk through my 8 Step renovation process Why – what is your reason Preparation - finance & structures Where? Research target areas–due location diligence What - Find a property with value add potential – due diligence analyze Purchase – at "wholesale" Plan & Budget – consider your target market and end values The renovation process – create a higher and better use Post Renovation – my preferred strategy is lease, refinance and repeat Watch out next week for the second of this 2 part series where I discuss the 9 Step Property Development Process Links: My Property Renovations and Development Workshop Michael Yardney's Property Update Blog
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Jul 23, 2017 • 24min

003: How many properties do you need to retire? | You are hardwired to be miserable

Today, I answer the frequently asked question - "how many investment properties do I need to retire?) This just may be the wrong question because the number of properties you need before quitting your job depends on your assets value and how hard your money is working. To become financially independent you need to build a cash machine by growing a substantial asset base of high growth properties. These are the steps you take. Build your asset base Transition to lower loan to value ratios Start living off your property portfolio In my mindset moment, I chat with best-selling author Tom Corley about a study that concluded that we are hardwired to be miserable. Today's discussion includes: How many properties you need to retire The principles of real estate investing Calculating how big an asset base you require to get the income you need to live off your property portfolio How to create a cash machine with your investment properties Having the right finance strategy Having an asset protection plan to see you through the ups and downs Following a known, proven and trusted real estate investing strategy Mindset Message: We are always striving to improve and better ourselves. If human beings are going to be successful, we can't be happy all the time or we won't push ourselves to achieve more. Links and resources: Living Off Equity Spreadsheet Michael Yardney Metropole Rich Habits Poor Habits David Buss Thomas C. Corley Michael Yardney's Property Update Blog
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Jul 17, 2017 • 21min

002: Is it too late to buy this property cycle? | William's finance question answered | Don't wish it were easier, wish you were better

Welcome to episode two of the Michael Yardney podcast. Today, I'm going to discuss three things. One of them is a very common thing I get asked. Is it too late to get involved in property investment at this stage of the cycle? Difficulty getting finance from the banks A lesson that changed my way of thinking about all sorts of things not just property investment. Today's discussion includes: What other factors to consider with investing besides timing Countercyclical investing It's not the external world that determines if you make money, it is something inside If you are waiting for the perfect time to invest, the timing will never be perfect for you. Buying properties when everyone tells you not to You are not buying the market, you are buying an individual property within that market. Maximize your profits in the upturns while being prepared for the next downturn Why it takes the average investor 30 years to become financially independent Sometimes the right thing to do is nothing. Buying one property each year is unrealistic. Mindset Message: Don't Wish It Were Easier Wish You Were Better When life happens we can choose to be the victim or the victor. We have to be able to face a changing landscape daily. Our mindset and our passion for improvement every day through consistent action will set us apart from the average person. Links and resources: Michael Yardney Michael Yardney's Property Update Blog Metropole A Tale of Two Cities Jim Rohn
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Jul 17, 2017 • 19min

001: What makes an investment grade property | Become the pilot of your life, not the passenger

Welcome to episode one of the Michael Yardney podcast. Over the years, I have probably educated more successful Australians than anyone else in the area of wealth creation through property. Now it's time for me to share my thoughts about what is going on in the world with property investment, the economy, and why the rich keep getting richer all through my new Michael Yardney podcast. This is going to be a weekly show that comes out every Tuesday, where you can pick my brain on property investment and more. I'll also share some thoughts from my advisors in my mastermind group. I will try to get to as many of your questions as I can. Today, I'm going to talk about one of the reasons many investors fail and how to find an investment grade property. I also share how to become the pilot of your life and not the passenger. Today's topics include: How the majority of property investors in Australia fail Buying investment grade properties that produce wealth building returns Characteristics of a good investment Four ways that property investors make money Building an asset base and transitioning to cash flow stage Six stranded strategic approach to buying properties Following a proven blueprint that other investors have followed Mindset Message: How to Become the Pilot of Your Life Not the Passenger As the world changes, we can attribute success to things outside our control or things that we can influence. People who take responsibility and are accountable for things that happen tend to earn more money, be more successful, and achieve more. We can change our beliefs and improve how we look at the world. Links and resources: Michael Yardney Metropole Michael Yardney's Property Update Blog

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